Historical month-by-month and year-by-year returns
Based on 23 calendar years of monthly closes, starting 2004.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +3.3% | −0.7% | 45% | +40.0% | −11.2% |
| February | 0.0% | −0.5% | 45% | +20.6% | −23.1% |
| March | +4.3% | +1.8% | 55% | +39.9% | −11.4% |
| April | +3.5% | +1.1% | 55% | +47.9% | −27.2% |
| May | −2.6% | −1.3% | 36% | +12.8% | −33.6% |
| June | +2.6% | +3.4% | 55% | +23.9% | −8.1% |
| July | +1.1% | +1.7% | 68% | +15.0% | −20.4% |
| August | −0.1% | −1.7% | 33% | +16.9% | −10.4% |
| September | −1.0% | −2.5% | 33% | +29.4% | −18.6% |
| October | +0.8% | +1.5% | 52% | +16.0% | −15.9% |
| November | +2.2% | +2.3% | 64% | +23.9% | −8.2% |
| December | +0.5% | −1.5% | 45% | +18.3% | −25.4% |
| Year | Return |
|---|---|
| 2025 | +22.4% |
| 2024 | −8.7% |
| 2023 | −1.1% |
| 2022 | +12.0% |
| 2021 | −31.9% |
| 2020 | +41.0% |
| 2019 | −9.5% |
| 2018 | −12.8% |
| 2017 | +50.5% |
| 2016 | −19.7% |
| 2015 | +19.1% |
| 2014 | +7.7% |
| 2013 | −10.3% |
| 2012 | −8.9% |
| 2011 | −17.4% |
| 2010 | +35.5% |
| 2009 | +60.9% |
| 2008 | −27.2% |
| 2007 | +87.4% |
| 2006 | −17.8% |
| 2005 | +74.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.